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US will maintain oil production despite falling prices, says deputy energy secretary

The U.S. will maintain its oil production — or even ramp it up higher — despite low energy prices and slowing economic growth, Deputy Energy Secretary Dan Brouillette said Wednesday......»»

Category: topSource: moneycentralJun 12th, 2019

Oklahoma will let struggling oil producers halt output without breaking contracts

Oklahoma's energy regulator on Wednesday ruled in favor of an oil company's emergency application to classify some oil production as economic waste, enabling producers to maintain leases where production is halted due to low prices......»»

Category: topSource: reutersApr 22nd, 2020

Oil industry could bounce back "very quickly" after historic deal: energy secretary

Energy Secretary Dan Brouillette touted increased American energy independence amid the falling oil prices in an interview with FOX Business' Stuart Varney......»»

Category: topSource: foxnewsApr 13th, 2020

Chesapeake Tests Investors’ Patience Again With Bigger Loss, Lower Production

Oil and gas producer Chesapeake Energy missed already low estimates for revenues and a net loss. Production fell sharply with oil prices rising only modestly and natural gas prices falling again......»»

Category: blogSource: 247wallstNov 5th, 2019

Futures Movers: Oil prices move lower as weak U.S. manufacturing activity feeds worries over energy demand

Crude-oil futures move lower Tuesday, as earlier gains from a monthly report on falling OPEC production gives way to concerns over a slowdown in energy demand following data showing U.S. manufacturing activity at its lowest level in over a decade......»»

Category: topSource: marketwatchOct 1st, 2019

EIA lifts 2020 U.S. oil price outlook by nearly 17%, cuts crude output forecast

The U.S. Energy Information Administration raised its 2020 forecast for West Texas Intermediate and Brent crude oil prices and lowered its expectations for U.S. crude-oil production, according to the Short-Term En.....»»

Category: topSource: marketwatchJun 9th, 2020

OPEC, allied nations extend nearly 10M barrel cut by a month

OPEC and allied nations agreed Saturday to extend a production cut of nearly 10 million barrels of oil a day through the end of July, hoping to boost energy prices hard-hit by the coronavirus pandemic......»»

Category: topSource: foxnewsJun 6th, 2020

Futures Movers: Oil futures decline with extension of production cuts and global compliance in doubt

Oil futures head lower Thursday, stumbling as questions are raised about the willingness of global producers to comply with a pact to maintain a slate of output reductions that aim of stabilize prices......»»

Category: topSource: marketwatchJun 4th, 2020

Futures Movers: Oil futures slip with extension of production cuts and global compliance in doubt

Oil futures head lower Thursday, stumbling as questions about the willingness of global producers to maintain a slate of output reductions and compliance with an existing pact to stabilize prices have come into question......»»

Category: topSource: marketwatchJun 4th, 2020

Oil surges 5% on U.S.-China trade optimism, falling crude output

Oil prices soared on Friday, with U.S. futures closing out May with record monthly gains, on hopes that the U.S.-China trade deal would remain intact and on falling crude production......»»

Category: topSource: reutersMay 29th, 2020

Oklahoma oil regulators hear arguments on output cuts

Oklahoma's energy regulators on Monday began hearing arguments from producers seeking to win state-support for setting limits on oil production to help stabilize prices......»»

Category: topSource: reutersMay 11th, 2020

Texas declines to mandate oil production cuts

Texas energy regulators on Tuesday said they will not mandate oil production cuts, ending a month-long debate about whether or not they would wade into global oil politics for the first time in 50 years as crude prices crater to historic lows......»»

Category: topSource: foxnewsMay 5th, 2020

ConocoPhillips to sharply cut oil production as low prices hit earnings

U.S. oil and gas company ConocoPhillips said on Thursday it would sharply reduce oil production in coming weeks, aiming to shut in 35% of its total output by June amid weak energy prices that led to a loss of $1.7 billion in the first quarter......»»

Category: topSource: reutersApr 30th, 2020

Brent settles higher on easing lockdowns, U.S. crude falls amid storage shortage

U.S. crude prices settled lower on Tuesday, falling about 3% as domestic stockpiles were expected to have risen closer to record highs amid tightening storage despite plans to cut production during the COVID-19 pandemic......»»

Category: topSource: reutersApr 28th, 2020

Brent rises on easing lockdowns, U.S. crude falls amid storage shortage

Oil prices fell on Tuesday with U.S. crude leading the decline, falling about 3% as domestic stockpiles were expected to have risen closer to record highs amid tightening storage despite plans to cut production......»»

Category: topSource: reutersApr 28th, 2020

Global oil supply to fall 6% by 2030 due to delayed projects: data

Global oil supplies may be 6% less than expected by 2030 because of delays to investments by energy companies in response to falling crude prices due to the coronavirus crisis, data from energy analysts at Rystad showed......»»

Category: topSource: reutersApr 24th, 2020

Oklahoma regulators approve application classifying oil output as "economic waste"

Oklahoma's energy regulator on Wednesday ruled in favor of an oil company's application effectively bars property owners from cancelling leases where production is halted due to low prices......»»

Category: topSource: reutersApr 22nd, 2020

EIA cuts 2020 oil price outlook by over 20%, lowers crude production forecasts

The U.S. Energy Information Administration lowered its 2020 forecast for West Texas Intermediate and Brent crude oil prices and cut its expectat.....»»

Category: topSource: marketwatchApr 7th, 2020

Exxon lops 30% off 2020 spending, deeper and later than rivals

Exxon Mobil Corp on Tuesday throttled back investment in shale, natural gas and deep water production, cutting planned capital spending by 30% this year as the coronavirus pandemic saps energy demand and oil prices tumble......»»

Category: topSource: reutersApr 7th, 2020

Last but not least: Exxon chops spending by 30%

Exxon Mobil Corp on Tuesday throttled back a multi-year investment spree in shale, LNG and deep water oil production and will cut planned capital spending this year by $10 billion as the coronavirus pandemic saps energy demand and oil prices......»»

Category: topSource: reutersApr 7th, 2020

3 Undervalued Energy Stocks to Consider as Oil Prices Recover

OPEC will meet next week to discuss production cutsRelated Stocks: MMP, COG, MPC,.....»»

Category: blogSource: gurufocusApr 3rd, 2020